Loans Held for Investment, Net (Tables)

12 Months Ended

Sep. 30, 2025

Receivables [Abstract]

Schedule of loans originated

The table below provides overall statistics for our loan portfolio as of September 30, 2025 and 2024:

	September 30, 2025			September 30, 2024
Number of loans	2			2
Total loan commitments	$	64,000		$	67,000
Unfunded loan commitments (1)	$	2,267		$	9,820
Principal balance	$	61,733		$	57,180
Weighted average coupon rate	8.41		%	9.15		%
Weighted average all in yield (2)	9.32		%	10.13		%
Weighted average floor	4.34		%	4.34		%
Weighted average maximum maturity (years) (3)	3.77			4.80

(1)Unfunded loan commitments are primarily used to finance property improvements and leasing capital and are generally funded over the term of the loan.

(2)All in yield represents the yield on a loan, including amortization of deferred fees over the initial term of the loan.

(3)Maximum maturity assumes all borrower loan extension options have been exercised, which options are subject to the borrower meeting certain conditions.